Current rent up to £1,211 per month 48 completed & tenanted apartments Net yields up to 9.72% 30%+ Uplift Buy Back Option Washington Highway, Washington, NE37 1LW 0113 380 8930 [email protected] ereproperty.com Weardale House TENANTED - 3 YEAR ASSURED NET RENTAL INCOME IS £43,579 FOR 2 BEDS Deal summary: 1 Bed - £129,500 cash investment 2 Bed - £149,500 cash investment 9.27% - 9.72% Net Rental Assurance Potential buy back option within 3 years with (Minimum 30% uplift) No Landlord costs for: Ground Rent, Service Charge, Building insurance, Management Charge one-bedroom units at £129,500 which are let at £1,000 per month generating assured net rental yield of 9.27%. two-bedroom units at £149,500 which are let at £1,211 per month generating assured net rental yield of 9.72%. ERE Property is proud to present this recently converted development of 48 x apartments consisting of 18 x 2 beds and 30 x 1-bed apartments located in the town of Washington, west of Sunderland. All apartments are subject to a 125-year lease with a 25-year management agreement via Yale Housing Association, who provide assisted living care. Investment Overview: The management agreement commenced on 1 April 2022 and runs to 31 March 2047 at an annual rent of £624,000 which is paid at £52,000 per month, £12,005 per annum to you one month in arrears. The Net rental return is linked with to the CPI (Consumer Price Index) and can not go down. ERE can offer this opportunity to our clients to purchase: If you wish to be part of this opportunity to potentially profit 30% + within the next 3 years… Potential buy back option within 3 years - Minimum uplift of 30% as stipulated in Contract- £38,850 for 1-beds and £44,850 for 2-beds. Any percentage achieved over 30% will be split 50 50 between the apartment owner and the developer who will orchestrate the sale.
Weardale House Washington Highway, Washington, NE37 1LW 0113 380 8930 [email protected] ereproperty.com